Promoters and Institutions are both reducing their holdings in TFCI, suggesting a lack of confidence from smart money; Promoter holdings decreased by 4.19% YoY while Institutional holdings dropped by 0.04% YoY.

In contrast, the Public has increased their stake significantly by 12.71% YoY and 4.34% QoQ, indicating reactive retail investor behavior rather than proactive confidence.

Comparing with the sector, where both Promoters and Institutions show no changes, TFCI's negative trends highlight a divergence, reinforcing the notion of sector-wide selling.